Many organisations still use numerous disparate systems and Excel spreadsheets, often with almost no automated integration. This splintered environment of siloed tools creates inefficiencies, diminishes visibility and prevents standardisation.

The scale of modern projects— characterised by high levels of complexity, more risk and slimmer margins—allows no room for error and delays. In the new era of capital projects, using multiple, disjointed platforms will result in a slowdown. Disjointed systems create redundant, manual and error- prone processes that kill efficiency and reduce accuracy. This leads to significant cost and schedule overruns. What companies need today is a single, connected system that unifies all project data sources..

The project ecosystem needs a solution similar to an ERP (enterprise resource planning software) system. Much like an ERP, a PP system provides a unified view of all projects in an enterprise. While most companies bought into this centralised approach for ERP systems decades ago, mission- critical projects are still being managed in Excel! It’s time to give PP the same kind of respect as an ERP. In fact, a company’s PP system works in conjunction with its ERP. The ERP/PP systems run in unison to automatically exchange vital data. They serve as an integrated hub for managing projects from start to finish.